比特币 (BTC) 和以太坊 (ETH) 在 2024 年第四季度结束时取得显着收益，预计在 2025 年有望实现潜在收益

比特币 (BTC) 和以太坊 (ETH) 在 2024 年第四季度收盘时录得显着上涨，反映出市场增长和谨慎情绪的结合。

After a tumultuous year in the crypto market, Bitcoin (BTC) and Ether (ETH) closed Q4 2024 with modest gains, reflecting a mix of market growth and cautious sentiment.

经过加密货币市场动荡的一年后，比特币 (BTC) 和以太币 (ETH) 在 2024 年第四季度收盘时小幅上涨，反映出市场增长和谨慎情绪的混合。

BTC rose 48% in Q4, while ETH gained 30%. Both cryptocurrencies closed the quarter with minimal price movements, trading within their monthly ranges.

BTC 在第四季度上涨了 48%，而 ETH 则上涨了 30%。这两种加密货币在本季度结束时价格变动最小，交易在每月范围内。

The market momentum remained steady throughout December, with both BTC and ETH posting positive returns that largely mirrored the broader Q4 performance. According to analysts, stable funding rates and January’s historical price trends, which usually favor positive growth, could contribute to these gains. However, traders remained hesitant to take significant positions as the year-end volatility gradually subsided. Coming off a strong Q4, BTC and ETH are positioned for potential gains in 2025, supported by increased options activity and market optimism.

整个 12 月市场势头保持稳定，BTC 和 ETH 均实现正回报，这在很大程度上反映了第四季度的整体表现。分析师表示，稳定的融资利率和一月份的历史价格趋势（通常有利于正增长）可能有助于这些收益。然而，随着年末波动逐渐消退，交易员对于是否持有大量头寸仍犹豫不决。在第四季度的强劲表现之后，在期权活动增加和市场乐观情绪的支持下，BTC 和 ETH 有望在 2025 年实现潜在上涨。

BTC’s month-to-date returns were relatively flat, indicating a lack of immediate momentum. However, the overall market sentiment remained positive due to the strong Q4 performance. Nonetheless, it may be premature to draw definitive conclusions about the quarter’s outcome.

比特币本月迄今的回报率相对持平，表明缺乏直接动力。然而，由于第四季度的强劲表现，整体市场情绪仍然乐观。尽管如此，现在就本季度的结果得出明确的结论可能还为时过早。

According to some analyses, BTC could gain additional price support from market dynamics. For instance, Michael Saylor recently shared his Bitcoin purchase tracker, which might signal another round of large-scale BTC purchases. This could further support Bitcoin’s price.

根据一些分析，比特币可能会从市场动态中获得额外的价格支撑。例如，Michael Saylor 最近分享了他的比特币购买追踪器，这可能预示着另一轮大规模的 BTC 购买。这可能会进一步支撑比特币的价格。

The Impact of Quarter-End Volatility on Market Sentiment Despite the positive Q4 performance, the crypto market is unlikely to see major short-term price swings. Funding remains healthy, and January’s average returns (+3.3%) are similar to December’s (+4.8%).

季末波动对市场情绪的影响尽管第四季度表现良好，但加密市场不太可能出现短期价格大幅波动。资金仍然健康，1 月份的平均回报率 (+3.3%) 与 12 月份的平均回报率 (+4.8%) 相似。

As a result, the market is expected to remain within its current range, with spot prices remaining relatively stable until at least February. This could be because many traders are waiting to take significant positions until after the holiday season. However, as the year progresses, there could be more opportunities for price growth, especially as January’s slower pace gives way to February’s potential activity.

因此，预计市场将保持在当前区间内，现货价格至少在 2 月份之前将保持相对稳定。这可能是因为许多交易者都在等待假期结束后才买入大量头寸。然而，随着时间的推移，价格增长的机会可能会更多，尤其是一月份的放缓被二月份的潜在活动所取代。

Options Activity Points to March Optimism Options flows also reflect a cautious market outlook, with front-end volatility drifting lower. The risk-reversal curve shows growing interest in call options for March, driven partly by the significant number of calls (120k-130k) bought last Friday.

期权活动指向 3 月份的乐观情绪 期权流动也反映出谨慎的市场前景，前端波动性走低。风险逆转曲线显示，人们对 3 月份看涨期权的兴趣日益浓厚，部分原因是上周五买入的看涨期权数量众多（12 万至 13 万份）。

This suggests that traders anticipate a potential price increase in the coming months but remain uncertain about the near-term market direction.The information presented in this article is for informational and educational purposes only. It does not constitute financial advice or an offer to buy or sell any cryptocurrency.

这表明交易者预计未来几个月价格可能上涨，但对近期市场方向仍不确定。本文中提供的信息仅供参考和教育目的。它不构成财务建议或购买或出售任何加密货币的要约。